Consumer Appliances in Canada 2022: Smart Appliances Gain Ground Among Affluent, Tech-Savvy Consumers
Dublin, Nov. 16, 2022 (GLOBE NEWSWIRE) -- The "Consumer Appliances in Canada" report has been added to ResearchAndMarkets.com's offering.
As was the case in 2020, there was a significant divergence in the performance of major appliances and small appliances during 2021. During 2020, retail current value sales of major appliances declined, while the rate of growth in retail current value sales of small appliances accelerated to its fastest rate in eight years.
The Consumer Appliances in Canada report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2017-2021, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, format trends or distribution issues. Forecasts to 2026 illustrate how the market is set to change.
2021 DEVELOPMENTS
Improved economic conditions drive rebound in volume sales and unit price
Semiconductor shortage leads to long waiting times for some popular models
Pandemic-inspired suburbanisation boosts demand for larger refrigeration appliances
PROSPECTS AND OPPORTUNITIES
With replacement purchases the main driver of demand, retail volume sales will be flat
Hot housing market could run out of steam
Smart refrigeration appliances gain ground among affluent, tech-savvy consumers
HOME LAUNDRY APPLIANCES IN CANADA
2021 DEVELOPMENTS
Economic improvement boosts replacement purchases
Pandemic worries lead some to wash their clothes more frequently
More environmentally conscious consumers seek out washing machines that use less water and electricity
PROSPECTS AND OPPORTUNITIES
Connectivity will continue to grow in popularity among the affluent and tech savvy
Retail volume growth will slow, as post-lockdown rebound fades
Fewer households will hide their home laundry appliances away in the basement
DISHWASHERS IN CANADA
2021 DEVELOPMENTS
Rising consumer confidence and increased use boost replacement purchases
Shortage of components hits leader Whirlpool particularly hard
Accelerating consumer lifestyles mean consumers want convenience
PROSPECTS AND OPPORTUNITIES
Relatively low penetration rate provides ample room for growth
Growing popularity of connected devices will help to support unit price growth
Sustainability will play an increasingly important role in the purchase decision
LARGE COOKING APPLIANCES IN CANADA
2021 DEVELOPMENTS
Surge in kitchen remodelling boosts demand
Premiumisation drives acceleration in rate of retail value sales growth
E-commerce gives up much of its pandemic gains, as most Canadians still prefer to shop for large cooking appliances in person
PROSPECTS AND OPPORTUNITIES
Housing market performance will remain a key driver of demand for large cooking appliances
Kitchen as social hub and workspace
Premium built-in appliances as are seen as an investment that will increase the value of a home
MICROWAVES IN CANADA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Built-in models gradually gain ground, as consumers seek a sleeker look in their kitchens
Even as pandemic restrictions are eased, e-commerce remains significant
Competitive pricing helps Mabe stay on top
PROSPECTS AND OPPORTUNITIES
Housing market performance will impact demand for microwaves
Waning consumer interest in processed food will have a mixed effect on microwave demand
Aesthetics will grow in importance
FOOD PREPARATION APPLIANCES IN CANADA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Food preparation appliances suffer a post-lockdown hangover
Demand for slow juicers boosted by economy recovery
Black+Decker benefits from shift to multifunctional food preparation appliances
PROSPECTS AND OPPORTUNITIES
Increased demand for multifunctional food preparation appliances will weigh on volume sales but support value sales growth
Health and wellness trend will continue to support demand, but meal delivery services are a threat
Slow juicers will continue to gain ground on centrifugal models
SMALL COOKING APPLIANCES IN CANADA
2021 DEVELOPMENTS
Easing of COVID-19 restrictions significantly hits demand for breadmakers and light fryers in particular
Leading brand Black+Decker benefits from strong presence across small appliances
Multi-functional offerings like Instant Pot's Duo Plus grow in popularity, as they enable consumers to save both money and space
PROSPECTS AND OPPORTUNITIES
Reduction in replacement purchases will weigh on demand
E-commerce could overtake hypermarkets and home and garden specialists to become the leading distribution channel
Growing popularity of food delivery a threat to food preparation appliances
VACUUM CLEANERS IN CANADA
2021 DEVELOPMENTS
Volume sales growth slows but remains robust, as many consumers continue to spend a lot of time at home
Strong demand for convenience drives rise of robotic vacuum cleaners
Leader Bissell targets pet owners
PROSPECTS AND OPPORTUNITIES
Post-pandemic economic rebound will support moderate demand growth
Urban flight set to outlast the pandemic, boosting demand for vacuum cleaners as home size increases
E-commerce will continue to gain ground on hypermarkets and home and garden specialists
PERSONAL CARE APPLIANCES IN CANADA
2021 DEVELOPMENTS
After a strong 2020 due to the closure of hair and beauty salons, demand growth for personal care devices eases
Other personal care appliances remain the top performer, but electric facial cleansers fall out of favour
Ubiquity of selfies boosts demand for oral care appliances
PROSPECTS AND OPPORTUNITIES
Electric toothbrush units will remain a strong growth driver
Smartphone connectivity set to grow in importance
Low-heat hair care set to grow in popularity
AIR TREATMENT PRODUCTS IN CANADA
2021 DEVELOPMENTS
As consumers spend less time at home, demand growth for air treatment products slackens
Demand for cooling fans and air conditioners is heating up
Concern regarding air pollution and allergies is also driving demand
PROSPECTS AND OPPORTUNITIES
Larger homes will boost demand for air treatment products
Climate change will be a growth engine
Connectivity will add value to air purifiers
For more information about this report visit https://www.researchandmarkets.com/r/l4ivvb
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